ATLANTA, Ga. — Despite economic challenges posed by the COVID-19 pandemic, Norfolk Southern is well-positioned to safely and successfully weather the unprecedented situation, CEO James A. Squires said Thursday at the company’s annual meeting of shareholders.

“We will get through the challenges ahead and emerge as an even stronger company,” Squires said. “We’ll continue to manage our assets well and control our costs. Our emphasis on superior service will continue to drive our long-term growth strategy. And through it all, our Norfolk Southern employees will continue to get the job done safely, with excellence and pride.”

Squires addressed shareholders during the company’s first virtual-only annual meeting, a board decision made in light of public health concerns and social distancing guidance arising from the COVID-19 pandemic.